"The Government Bailed out the The People and Imprisoned the Banksters"

[jtuck004]

81. You say that like it's a bad thing. Imports cost way more, and their money is

worth less.

So they go to work and home every day, and their total debt decreases. They have government health care and decent wages, women fare better, they live 2 years longer. Since they started their crisis they are sending more people for higher education than they were before their cuts. And they can't import as much of cheap Walmart junk. Darn the luck.

And because their money doesn't buy as much on the export market, the return on investment to rebuild their jobs inside the country for the people makes good economic sense, and now they can figure out how to compete on a world stage.

And because the money is worth less the renteirs that were profiting from the profligacy got hammered, and are not as able to ply their filthy wares in providing overpriced mortgage-based assets to unsuspecting borrowers. Too damn bad.

And since they have a high measure of cooperation and egalitarianism, they can weather the deprivation that will occur. Which reminds me - in our way, we now have 47 million people on food stamps, and millions upon millions for whom there is no job. While people in junk bond firms call themselves private equity and pay themselves $245,000. A week. And collect part of the $40 billion we are paying out each month to make sure greedy bastards mortgage-based assets don't fall, while taking 700,000 people out of their homes from the 1.3ish million foreclosures this year.

Why is our way better?